Edible oil industry trade body SEA urges members to reduce MRP
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The Solvent Extractors Association of India (SEA), the apex trade body of edible oil industry, has urged all members to reduce Maximum Retail Price (MRP) and Price to Distributor (PTD) of edible oils in line with the reducing international market scenario. Additionally, SEA has also requested distributors to monitor retailers in their distribution network to ensure that the Margin of Profit (MOP) is also reduced along with the MRP and that the selling price of old stock in circulation in the market aligns with the latest price reduction.
